February 9, 2017/Reuters South Africa’s rand weakened slightly against the dollar in early trade on Thursday ahead of President Jacob Zuma’s annual state of the nation speech where he will outline the government’s plans to improve the economy this year. (Reporting by Olivia Kumwenda-Mtambo; Editing by Biju Dwarakanath)
Money Market
JAIZ Bank to List N36.83 Billion Worth of Shares on the NSE Today
By InvestAdvocate Lagos (INVESTADVOCATE)-Jaiz Bank Plc, Nigeria’s first non-interest lender will today (Thursday) list by introduction its entire issued share capital on the Nigerian Stock Exchange (NSE). The non-interest lender will be listing a total of 29.46 billion ordinary shares of 50 kobo each at N1.25 kobo per share amounting […]
Drawbacks of Capital Control Measures Under the Proposed Forex Amendment Bill
Culled—Proshare February 8, 2017/Detail Solicitors BACKGROUND Nigeria has maintained a liberalized foreign exchange market since the enactment of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act in 1995. The Act established an autonomous foreign exchange market and guaranteed the unconditional transferability of capital in any convertible currency by end users. […]
